EU Officials Play Down Greek Talk of Deal Soon

TODAY: May 28, 2015 PUB DATE: May 28, 2015

ATHENS—Officials in Athens suggested that talks with Greece's creditors over fresh bailout funds had reached a final stage, though European Union officials said negotiators still had much work to do before sealing a deal. Teams from Greece and its international ...

IRS Data Breach Draws Capitol Hill Scrutiny

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By John D. McKinnon Lawmakers are stepping up their scrutiny of computer security at the Internal Revenue Service in the wake of a serious data breach affecting at least 100,000 households. Sen. Orrin Hatch (R., Utah), the chairman of the ...

Swiss April Exports Slip As Franc Hits Demand

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Neil MacLucas ZURICH--Switzerland's exports declined in April as the strength of the Swiss franc curbed demand in the European Union and the U.S. for its chemicals, pharmaceuticals and watches. Exports in April fell 1.3% from a year earlier, in ...

EU, National Governments Agree Investment Fund

TODAY: May 28, 2015 PUB DATE: May 28, 2015

BRUSSELS—European Union lawmakers and national governments Thursday agreed on legislation to create a €315 billion ($342.9 billion) investment fund, ensuring that one of the EU's main efforts to jump start Europe's weak economy starts financing projects. The investment fund is ...

UK First-Quarter Growth Unrevised

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Jon Sindreu and Jason Douglas LONDON--A fresh batch of official data for the U.K. confirmed the economy slowed in the first quarter of the year, scotching hopes growth would be revised up. U.K. gross domestic product rose 0.3% during ...

Libor Accused Received Help from Boss, Evidence Shows

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By David Enrich LONDON--The man accused of being the ringleader of a global interest-rate-rigging conspiracy received a helping hand from his boss, according to evidence presented in a London trial Thursday. Tom Hayes, a former UBS AG trader in Tokyo, ...

Weakening Economy Threatens Turkish Government's Election Chances

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Yeliz Candemir And Emre Peker ISTANBUL--As Turkey prepares for June elections, the government's 13-year hold on power is facing a new threat: diminishing faith in its long-trusted economic management. Since coming to power on the heels of a financial ...

Singapore's GIC Buys Stake in Brazil's Rede D'Or

TODAY: May 28, 2015 PUB DATE: May 28, 2015

SÃO PAULO—Brazilian investment bank BTG Pactual SA said on Thursday that Singapore's sovereign-wealth fund GIC Pte. Ltd. has agreed to buy an undisclosed stake in local hospital operator Rede D'Or São Luiz. BTG said GIC will pay 1.6 billion Brazilian ...

J&J Accepts Cardinal Health Offer for Heart Business

TODAY: May 28, 2015 PUB DATE: May 28, 2015

Johnson & Johnson said Thursday that it has formally accepted Cardinal Health Inc.'s March offer to buy its heart-product business for about $1.94 billion in cash. J&J; said it accepted the offer after consulting with work councils and trade unions. ...

Brazil's Senate Clears Second Austerity Bill -- Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Brazil's Senate Clears Second Austerity Bill

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Paulo Trevisani And Djania Savoldi BRASÍLIA--The Brazilian Senate on Wednesday approved a controversial bill meant to save taxpayer money by reducing pension payments to widows. The measure is part of a broader effort to reduce the government's high debt ...

Australian Businesses Scale Back Investment Plans, A$ Slumps

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By James Glynn SYDNEY--Australian firms sharply scaled back planned investment over the coming year, as the downturn in mining accelerates and creates a stiff headwind for growth. The Australian dollar shed close to half a U.S. cent as the government ...

Oil Rangebound Ahead of Weekly U.S. Inventory Data

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Eric Yep Crude-oil futures stabilized in Asian trade Thursday after another round of overnight losses, and investors will be looking to weekly U.S. oil inventory data due today for more cues. On the New York Mercantile Exchange, light, sweet ...

ICTSI Buys Mexican Port Developer For $54.5 Million

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Cris Larano MANILA--Philippine-based port operator International Container Terminal Services Inc. (ICT.PH) said Thursday it acquired all the shares in Terminal Maritima de Tuxpan, S.A. de C.V. for $54.5 million. Terminal Maritima has a concession to build and operate a ...

Bank of Russia Buys Another $200 Million to Top Up FX Reserves

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Andrey Ostroukh MOSCOW--Bank of Russia bought another $200 million on the Moscow exchange on Tuesday, taking the amount of its interventions this month to nearly $2 billion, the central bank said Thursday. The bank is topping up Russia's foreign-currency ...

Avago Agrees to Buy Broadcom for $37 Billion -- 4th Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Dana Mattioli, Dana Cimilluca and Shayndi Raice Chip maker Avago Technologies Ltd. agreed to buy rival Broadcom Corp. for $37 billion in cash and stock, the latest in a wave of deals for the companies that supply parts to ...

ECB Says Long Greek Talks May Hurt Other Eurozone Borrowers--Update

TODAY: May 28, 2015 PUB DATE: May 28, 2015

By Todd Buell and Brian Blackstone FRANKFURT--The European Central Bank warned in a report Thursday that the Greek debt crisis could spread to other at-risk eurozone countries if Athens fails to reach a financing deal with its international creditors quickly, ...